In line with recent ATO changes, contribution reserve amounts made in the current financial will be allocated to Section F and G: Members Label A (Employer Contributions) and/or B (Personal Contributions) of The SMSF Annual Return. In the event an SMSF records contribution reserve amounts, the following form "Request to adjust concessional contributions" will need to be filled out and lodged (manually) by the SMSF.
- Request to adjust concessional contributions from the ATO website.
Note: Due to contribution reserve amounts now being included in Section F and G of the Annual Return in the current year, you will see discrepancies between the values of employer and personal contributions in the Annual Return and the values in the Operating Statement and Member Statements.
|From the Main Toolbar, go to Reports.||
How to prepare
- From the Reports screen, in the left hand menu, select Letters / Minutes and then Add Contribution Reserve Objection Form.
- Select Settings to select the Member and the authorised agent.
- Select OK.
- Select Download PDF.